Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MDU Resources Group Inc shares valued at $923,970 were purchased by Johnson Rob L. on May 07 ’24. At $25.46 per share, Johnson Rob L. acquired 36,291 shares. The insider’s holdings grew to 41,934 shares worth approximately $1.21 million following the completion of this transaction.
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Also, Rosenthal Dale purchased 375 shares, netting a total of over 8,456 in proceeds. Following the buying of shares at $22.55 each, the insider now holds 16,499 shares.
As published in a research note from BofA Securities on October 21, 2024, MDU Resources Group Inc [MDU] has been rated down from a Buy to a Neutral and the price target has been revised to $31 from $30. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of June 01, 2023, BofA Securities has increased its “an Underperform” rating to a “Buy” for MDU. Earlier on October 24, 2022, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for MDU stock which previously was a “a Neutral”.
Analyzing MDU Stock Performance
During the last five days, there has been a surge of approximately 0.14%. Over the course of the year, MDU Resources Group Inc shares have jumped approximately 46.01%. Shares of the company reached a 52-week high of $30.52 on 10/18/24 and a 52-week low of $18.79 on 01/19/24. A 50-day SMA is recorded $27.10, while a 200-day SMA reached $24.61. Nevertheless, trading volume fell to 1.96 million shares from 1.48 million shares the previous day.
Support And Resistance Levels for MDU Resources Group Inc (MDU)
According to the 24-hour chart, there is a support level at 28.65, which, if violated, would cause prices to drop to 28.38. In the upper region, resistance lies at 29.38. The next price resistance is at 29.84. RSI (Relative Strength Index) is 55.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 54.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
